Andina

U.S. businesspeople express interest in investing in Peru

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

14:00 | Washington, D.C. (U.S.), Nov. 2.

Businesspeople from the United States on Thursday expressed their interest in investing in Peru's various economic and productive areas, after meeting with President Dina Boluarte.

The Presidential Office reported that these investors were interested in areas such as digital government, health, logistics chains, commerce, infrastructure, and mining, among others.

The businesspeople —gathered at the U.S. Chamber of Commerce— held a meeting with the Peruvian Head of State at the Inter-American Development Bank (IDB) headquarters this morning.

Within this framework, they thanked the Head of State for the invitation to invest in Peru.

During the gathering, the top official affirmed that Peru remains an attractive destination for mining investments. High reserves and low production costs generate an advantageous situation to carry out mining-related activities, she said.

"We rely on a portfolio of more than 40 projects that encompass an investment worth over US$53 billion, mainly in copper," Mrs. Boluarte indicated. 

"During the past 10 months, there have been announcements of ratification of investments in mining projects worth US$12.5 billion," she added.

In this sense, the top official stressed that mining sector generates inputs which are essential for 'green' technologies and the fight against climate change impacts.

This is because it produces inputs for the production of wind turbines, photovoltaic panels, batteries, and motors for electric vehicles.

Sustainable development

In this regard, the Head of State indicated that Peru is interested in promoting a greater presence of investments in sustainable infrastructure.

"Therefore, my Government has been boosting a National Infrastructure Plan, which identified more than 70 priority investment projects" linked to various aspects.

The top official also highlighted the implementation of large infrastructure projects, such as the Port of Chancay, the Ancon Industrial Park, the Callao Port Terminal, and the Jorge Chavez International Airport expansion.

Lastly, Mrs. Boluarte said these ventures mean an opportunity to carry out investments because Peru will become a logistics hub for global trade.

"The prudent and responsible management of public finances by my administration (…) helps us respond to scenarios adverse for the global economy," she emphasized.

(END) NDP/FGM/JCC/MVB

Publicado: 2/11/2023